“Mr Clark is a highly experienced and successful senior resource secdtor executive and has more than 35 years experience in technical roles, project management, general management and executive positions," the statement said.

He previously served as managing director at Grange, Australia’s largest magnetite producer

In June, it was reported that Wolf had managed to pull together a $212 million funding package to get its Hemerdon project in Devon, England producing within two years.

Wolf made the first $US10 million drawdown from a $US75 million bridge facility provided by private equity firm Resource Capital Funds, which owns a 36.4 per cent stake in the tungsten producer.

In 2012, New Zealand-based Todd Corporation took a a 19.9 per cent stake in Wolf.